Rs 1,900 Crore Unused State Funds Tracked Down, Says Tamil Nadu Minister
NDTV
The Special Task Force in Tamil Nadu was set up in line with a budgetary announcement made earlier this year
A Special Task Force (STF), constituted by the Tamil Nadu government to reconcile, identify and access funds of government departments kept outside the Treasury, has tracked nearly Rs 2,000 crore that can be remitted back to the government account, state Finance Minister Palanivel Thiaga Rajan said today.
The STF was set up in line with a budgetary announcement made earlier this year by him.
"The monies that have been shown as spent in the accounts of the State are actually in some other accounts... this has been mentioned in the past CAG reports as well... whether they are spent or not, we posted a special team (to find that out)," he told reporters here.
"Multiple data points indicate that government funds are often shifted to accounts outside the view of the Treasury system. Upon assuming office, this government initiated a dual-track survey to identify such funds through government department and agencies and by banks holding such accounts. The initial assessment reveals substantial unutilised funds," he further said in a statement, quoting from his budget speech on the need for such a task force.
